Controversial German Author Says Berlin Is Hostage to Holocaust in Euro Crisis
2012 05 24

From: Spiegel Online


Thilo Sarrazin, the former board member of Germany’s central bank who caused outrage two years ago with a bestseller criticizing the impact of Muslim immigrants on German society, presented a new book on Tuesday that could strike a similar chord with Germans: "Europe Doesn’t Need the Euro."

In his latest work, the combative politician, a maverick member of the opposition center-left Social Democratic Party, controversially argues that Germany is being pressured to bail out the euro zone because it perpetrated the Holocaust.


Sarrazin writes that supporters of euro bonds in Germany "are driven by that very German reflex, that we can only finally atone for the Holocaust and World War II when we have put all our interests and money into European hands," according to excerpts published in German media ahead of the book launch.

Politicians lined up to dismiss the comment as an attempt to whip up publicity for his book launch with crude rhetoric laced with far-right undertones.

"It is pitiful that he invokes the Holocaust to secure the maximum possible attention for his theories on euro bonds," the parliamentary floor leader of the opposition Greens, Jürgen Trittin, told the newspaper Die Welt on Monday, adding that Sarrazin was engaging in "deutsche mark chauvinism."

’Nationalist and Reactionary’

Carsten Schneider, a budget policy spokesman for the SPD, said: "Sarrazin is once again trying out the usual provocation. His criticism of the euro is nationalist and reactionary." Volker Kauder, the parliamentary group leader of Chancellor Angela Merkel’s Christian Democrats, said: "Sarrazin is wrong again. The euro is a success story and will remain so."

Chancellor Angela Merkel has steadfastly rejected the introduction of euro bonds -- jointly issued and guaranteed by all the euro member states -- as a way to tackle the debt crisis. She says the move would increase German borrowing costs and remove an incentive for high-debt countries to bring their finances in order, because they would have access to funds at affordable interest rates.

Pressure on her to back down is mounting, though. France’s new president, François Hollande, has said he will propose euro bonds at an informal EU summit in Brussels on Wednesday. Italian Prime Minister Mario Monti is expected to back him.

Sarrazin’s comment on the Holocaust is a blunt way of describing the central tenet of German foreign policy ever since the end of World War II -- that Germany’s leading role in pushing for European integration stems from its responsibility for the war and the Holocaust.

Praise From Far-Right NPD

But whether intended or not, his phrasing chimes with the line of argument often cited by far-right politicians of the National Democratic Party -- that Germany is being cowed by its Holocaust guilt, and that it has done enough atoning.

It comes as no surprise that the NPD issued a statement this week praising Sarrazin and criticizing Germany’s "psychopathological guilt complex that makes it fulfil almost every wish of self-interested foreign countries even 67 years after the end of the war."

Germany’s agreement to bail out Greece reveals its "susceptibility to blackmail," Sarrazin wrote, alluding to crimes committed by the Nazis before and during World War II. "This policy is turning Germany into a hostage of all those in the euro zone who may in the future, for whatever reason, need help," he said.

One of Sarrazin’s main arguments is that the euro hasn’t significantly boosted German foreign trade, contrary to claims from euro supporters who say the currency has given Europe’s largest economy crucial exchange rate stability in its most important markets.

He cites figures showing that German trade with nations outside the 17-member euro zone has risen far more strongly than trade with euro member states since the currency’s launch on Jan. 1, 1999. But he doesn’t factor in that the increase in trade outside the euro area was largely due to soaring economic growth in Eastern Europe and Asia over the last decade.

Euro Launch Was a Mistake, Says Sarrazin

The figures give no insight into how trade inside the euro zone would have developed without a single currency. Many economists argue that Germany has been the main beneficiary of the euro. They say it has spared the country rapid currency appreciations that would have made German industry uncompetitive inside and outside Europe. They also argue that devoting hundreds of billions of euros in guarantees for ailing euro members doesn’t stem from altruism but is in Germany’s best economic interest.

Nevertheless, many of Sarrazin’s arguments are widely accepted. He says it was a mistake to launch the currency before Europe had a common fiscal policy, and that it was wrong to let countries like Greece join because their economies weren’t ready.

He concludes that Europe can only get out of its mess if it rapidly moves towards political union, which he opposes, or that the union should be transformed into a looser formation that allows troubled member states to quit so that they can regain competitiveness through currency devaluation.

[...]


Read the full article at: spiegel.de






Truth and Reconciliation: Why the War Still Haunts Europe


Why Even Germany Will Leave the Failed Euro





Also tune into:

Red Ice Radio Series on Zionism & Multiculturalism
~"This is a series on Zionism & Multiculturalism featuring interviews with Adrian Salbuchi, Henry Makow, Gilad Atzmon & Israel Shamir."

Diana Johnstone - The Toulouse Murders, The French Election & EU

Pierre Sabak - Priesthood of the Nazarenes, The Nazis & Zionists

Jay Weidner - The Clash of Civilizations & Pike’s Three World Wars

Nigel Farage MEP - The State of the EU & The Undemocratic Treaty of Lisbon

Marta Andreasen MEP - Brussels laid Bare, Financial Fraud within the European Union

Alan Watt - European Union & The World Empire







Related Articles
IMF tells Germany to do more for eurozone
The Role Ex-Nazis Played in Early West Germany
Germany: Israel must refrain from new settlements
France and Germany call for "True Economic Government" - Rise of the Fourth Reich?
Germany bans "anti-Israeli" movie
Israel Seeks Another 1 Billion Euros in Holocaust Reparations from Germany
Bilderberg Scheme To Save The Euro
Eurozone blocks €1bn of aid amid Greek uncertainty
Eurocrats’ secret plan to abolish EU sovereignty with "super president"
Nigel Farage: Euro Break-Up Inevitable, Just a Question of How


Latest News from our Front Page

Magaluf bar where British girl was filmed performing sex acts on 24 men is shut down after police investigation into video
2014 07 26
Is this what the youth in Britain and Europe is spending their their energy, money, efforts and innocence on? The young girl, pictured, was lured into performing multiple sex acts after organisers offered a free drink although she thought a holiday was on offer* Council officials launched an official investigation after the video went viral Playhouse bar in Magaluf and entertainment ...
Prejudice is a Form of Common Sense - Hard-Wired Into the Human Brain, Says ASU Study
2014 07 26
Contrary to what most people believe, the tendency to be prejudiced is a form of common sense, hard-wired into the human brain through evolution as an adaptive response to protect our prehistoric ancestors from danger. So suggests a new study published by Arizona State University researchers in the May issue of the "Journal of Personality and Social Psychology," which contends that, ...
The State is a Bully
2014 07 24
In the history of Western philosophy and social theory, no really silly idea has been more successful than the theory of the social contract. It is in fact not a theory of the social contract. It is a theory of the political contract. It is the idea, promoted by Thomas Hobbes, John Locke, and Jean-Jacques Rousseau, that, at some point in ...
NATO Exercise in Ukraine Coincided with MH-17 Shoot-down
2014 07 24
Rapid Trident was omitted from the flurry of coverage on the shoot-down MH-17. From the U.S. Army in Europe website: Rapid Trident supports interoperability among Ukraine, the United States, NATO and Partnership for Peace member nations. The exercise helps prepare participants to operate successfully in a joint, multinational, integrated environment with host-nation support from civil and governmental agencies. ...
Warning of ’imminent’ terror attack in Norway
2014 07 24
Norwegians were warned Thursday of the concrete possibility of a terror attack occurring in that country at the hands of people with connections to an extremist group in Syria. A press conference was called in Oslo, Norway on Thursday where an announcement was made of a "possible concrete threat" to national security in that country from terrorists related to an extremist ...
More News »